State Tax Collections: T14 Pari-Mutuels Sales Tax for Rhode Island
QTAXT14QTAXCAT3RINO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 4/1/2021
Summary
This economic trend measures pari-mutuel sales tax revenue collected by the state of Rhode Island. It is an important indicator of consumer activity and state fiscal conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The state tax collections: T14 pari-mutuels sales tax for Rhode Island tracks revenue from a specialized sales tax levied on pari-mutuel betting activities like horse racing and jai alai. This data point offers insights into consumer spending and state fiscal health.
Methodology
The data is collected directly from state tax authorities and financial records.
Historical Context
Pari-mutuel tax revenues are closely monitored by economists and policymakers to assess consumer behavior and state budget conditions.
Key Facts
- Rhode Island levies a sales tax on pari-mutuel betting.
- Pari-mutuel tax revenues fluctuate with consumer demand for gambling.
- State tax collections data is used to assess fiscal conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures revenue collected by the state of Rhode Island from a specialized sales tax on pari-mutuel betting activities like horse racing and jai alai.
Q: Why is this trend relevant for users or analysts?
A: Pari-mutuel tax revenues offer insights into consumer spending patterns and the overall fiscal health of the state.
Q: How is this data collected or calculated?
A: The data is collected directly from state tax authorities and financial records.
Q: How is this trend used in economic policy?
A: Pari-mutuel tax revenues are closely monitored by economists and policymakers to assess consumer behavior and state budget conditions.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve with limited delays.
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Citation
U.S. Federal Reserve, State Tax Collections: T14 Pari-Mutuels Sales Tax for Rhode Island (QTAXT14QTAXCAT3RINO), retrieved from FRED.